【$TRUMP Signal】Hold off on trading — a deep imbalance leading to a continuation of the decline

$TRUMP Continues to decline on the 4-hour chart after breaking below the EMA20, currently testing the key support zone at 3.11-3.12, but the deep imbalance indicates heavy selling pressure.

🎯 Direction: Hold off (NoPosition)

Market Analysis: Price has broken below all short-term moving averages (EMA20: 3.29). RSI (29.7) has entered oversold territory but has not yet flattened, indicating that downward momentum is still being released. The 4-hour candlestick buy/sell ratio remains below 0.5, suggesting active selling dominates.

Hardcore Logic: The key contradiction lies in data divergence. The funding rate (-0.0265%) being negative usually hints at a short squeeze, but open interest (OI) trend remains stable rather than rising, and the deep imbalance (-2.59%) along with sell wall zones at 3.13-3.14 clearly show overhead selling pressure. This is not a typical short squeeze pattern; it more resembles passive stop-losses by longs coexisting with active suppression by shorts.

Price has formed a new consolidation range between 3.11 (recent low) and 3.25 (former support turned resistance). Until deep buy orders (Bids) significantly increase and the price can retake the EMA20, any rebound lacks sustainable logic. Currently, it’s a consolidation within a downtrend, with the direction still uncertain.

Trade here 👇 $TRUMP

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